Tradeweb Markets (TW) Intangibles (2018 - 2026)

Tradeweb Markets (TW) recorded quarterly Intangibles of $1.1 billion in Q1 2026, up 313.97% quarter-over-quarter from $270.3 million in Q4 2025, and down 10.22% on a YoY basis from $1.2 billion in Q1 2025.

Tradeweb Markets (TW) Intangibles (2018 - 2026) Analysis & Trends

Tradeweb Markets' Intangibles history runs 9 years deep, the most recent figure standing at $1.1 billion for Q1 2026.

  • In Q1 2026, Intangibles fell 10.22% year-over-year to $1.1 billion; the TTM figure through Mar 2026 stood at $1.1 billion (down 10.22% YoY), while the FY2025 annual figure was $270.3 million, down 78.9% from the prior year.
  • Intangibles was $1.1 billion for Q1 2026 at Tradeweb Markets, up from $270.3 million in the prior quarter.
  • In the past five years, Intangibles ranged from a high of $1.3 billion in Q4 2024 to a low of $131.3 million in Q4 2023.
  • Historically, Intangibles has averaged $790.7 million across 5 years, with a median of $1.0 billion in 2023.
  • The sharpest annual moves came in 2022 and 2024: Intangibles sank 87.99% in 2022, then jumped 875.31% in 2024.
  • A 5-year view of Intangibles shows it stood at $141.8 million in 2022, then decreased by 7.4% to $131.3 million in 2023, then surged by 875.31% to $1.3 billion in 2024, then slumped by 78.9% to $270.3 million in 2025, then surged by 313.97% to $1.1 billion in 2026.
  • The last three Intangibles figures came in at $1.1 billion (Q1 2026), $270.3 million (Q4 2025), and $1.2 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Intangibles (Qtr)
1 SOL Strategies 103,154.28 Bn 103,154.28 Bn - 8.83 Mn
2 Morgan Stanley 334.86 Bn 201.33 Bn - 5.96 Bn
3 Goldman Sachs 322.95 Bn -614.60 Bn - -
4 Schwab Charles 158.90 Bn 113.93 Bn - 7.41 Bn
5 Robinhood Markets 83.76 Bn 79.11 Bn 960.00 Mn 203.00 Mn
6 Interactive Brokers 40.42 Bn 51.01 Bn - -
7 LPL Financial Holdings 23.70 Bn 22.67 Bn - 3.41 Bn
8 Tradeweb Markets 21.55 Bn 20.30 Bn - 1.12 Bn
9 Iren 19.92 Bn 17.71 Bn 144.76 Mn -
10 Circle Internet 18.99 Bn 17.48 Bn 35.01 Mn 421.02 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.12 Bn
Dec 31, 2025 270.30 Mn
Sep 30, 2025 1.18 Bn
Jun 30, 2025 1.21 Bn
Mar 31, 2025 1.25 Bn
Dec 31, 2024 1.28 Bn
Sep 30, 2024 305.09 Mn
Jun 30, 2024 1.00 Bn
Mar 31, 2024 1.03 Bn
Dec 31, 2023 131.33 Mn
Sep 30, 2023 1.03 Bn
Jun 30, 2023 1.02 Bn
Mar 31, 2023 1.05 Bn
Dec 31, 2022 141.83 Mn
Sep 30, 2022 144.69 Mn
Jun 30, 2022 1.13 Bn
Mar 31, 2022 152.24 Mn
Dec 31, 2021 1.18 Bn
Sep 30, 2021 1.20 Bn
Jun 30, 2021 163.77 Mn